New Jersey Business Lawyers
Commercial law controls all aspects of business, including marketing, transactions, collections, and business organization. Specific ordinances and legal principles unique to New Jersey govern the application of law to businesses. In New Jersey, Commercial law is complex, and it includes principles that are very different from those that apply to individuals.
The Law of Transactions in New Jersey
In daily operating activities, a normal business buys and sells often. Some of these transactions are bound to pose problems. Contracts in New Jersey often require legal action to enforce, whether the contracts are formed with consumers or other businesses. It is best to plan beforehand through contracts and purchase agreements. But for these documents to be of legal effect, they must be drafted according to New Jersey law. Federal and New Jersey law also include provisions that apply to investing activities and securities exchanges conducted by corporations. These laws become important once business begins investing in the capital markets.
Business Organization and the Law
Particular laws in New Jersey determine the options available to business owners in structuring and organizing their companies. It may be advantageous to incorporate, but there are specific guidelines in New Jersey law concerning how to do so. A business that does not consider its options carefully may need to restructure in order to avoid unwanted tax liability. The appropriate business structure for your company can be challenging to determine. An attorney specialized in New Jersey business law can help you find the right business form for your unique situation.
Interesting Facts About New Jersey
New Jersey is located in the northeastern quarter of the United States and has a population of well over 8 million people. It is the most densely populated of all the 50 states and is listed as the third wealthiest according to median household income.
New Jersey's legal system revolves around its three basic levels of courts- the Municipal Courts, Superior Courts, and the New Jersey Supreme Court. Unlike most states, New Jersey does not have an intermediate court district for appeals; instead, the Superior Court operates its own Appellate Division that processes appeals. There is also a Tax Court system with limited jurisdiction to settle tax disputes.
The judiciary of New Jersey is also unique in that it still has separate courts for law and equity. Also, the Superior Court system is further divided into divisions of Law and Chancery at the trial level. These features allow the state to process a variety of different claims in an efficient manner. New Jersey has also produced many major figures in U.S. jurisprudence, including U.S. Supreme Court Justices William Brennan, Jr., Antonin Scalia, and Samuel Alito.
Lawyers in New Jersey have experience in guiding clients through the state's court system. Most New Jersey lawyers begin by filing claims at the Superior Court level. Attorneys are available to provide legal advice and representation in New Jersey courts.